Towards an information economy : The case of Singapore

Recent empirical studies have documented the emergence of information-based economies in developed countries within Europe, the U.S.A., Japan, and Australia. Casual observations suggest that the newly industrializing country of Singapore is proceeding towards a similar trend. The primary purpose of this paper is to account for the share of Singapore's national product which originates from informational activities. In particular, we define and estimate the size of Singapore's information sector within an input-output framework. Our results indicated that a sizable portion of Singapore's economy is information-based. In view of the significant penetration of informational activities in economic production, advances in communication technology and concomitant improvements in information-handling capabilities are bound to affect factor productivities and incomes with consequences for a country's pattern of employment and production structure. It is anticipated that an economics of communication becomes necessary for an awareness of communication technology as a choice variable in economic planning. We conclude our discussion with an assessment of the admissability of an information sector concept in economic analysis and the usefulness of empirical studies based on such a concept.     

Emerging economic constraints on transborder data flows

The phenomena of transborder data flows have emerged from rapid technical changes in the area of computer communications. Attendant upon this, new economic opportunities are inducing institutional changes designed to modify the manner in which economic gains are to be partitioned. This has, in turn, led to government actions that go beyond conventional allocative and redistributive roles of governmental intervention. This paper discusses some of the welfare implications of ‘protectionism’ that have appeared on the international scene. By so doing we may begin to anticipate and perhaps circumvent the economic inefficiencies of barriers to trade involving data flows.     

The Pacific Islands. Policy options for telecommunications investment

The Independent Commission for World-Wide Telecommunications Development (Maitland Commission) reported that telecommunication networks, including public telephone systems, are an infrastructure which aids economic development throughout the world. The Commissions objective is to bring the majority of the world's population within easy access of a telephone and, in time, other communications services. Development in the Pacific Islands region is slowed by a lack of efficient communications. The islands are spread over 29 million square kilometers of ocean and extremely vulnerable to natural disasters. Pacific Island Nations (PINs) have problems of foreign exchange, skill shortages, and poor credit terms. Telecommunications infrastructure audits showed the overall regional teledensity of 3 telephones per 100 population. The individual countries vary form 8.3 in Fiji to 1.5 in Papua New Guinea and 25.2 in New Zealand. The population of the developing island countries is in mostly rural areas where there is a chronic shortage of telephones. The constraints on radio systems can be overcome with satellite technology. The new technologies are coming on the market faster than these countries can afford to handle them. By using satellite technology and sharing facilities PINs can greatly reduce the cost of telecommunications systems. Fiber optic cables will be used to carry large volumes of traffic over major routes while satellites can be used for a array of services for the smallest PIN nation to the largest route rim country. Work is being done to standardize the equipment specifications and to develop policies for the coordination of regional telecommunications training. To further facilitate communications development in this area, changes need to be made in international funding priorities for development, and recommendations by the Maitland Commission must be taken seriously.     

The economic implications of satellite technology and the industrialization of space

This article examines the economic issues emerging from systems options in space industrialization, allocation of orbital space and the impact of satellite technology on economic development. The economics of space industrialization involve most areas of economic analysis, including market failures, regulation and the theory of economic development. With the global economy wavering between recessions and upturns, and with the debts of developing countries threatening the international banking system, the economic impact of satellite technology becomes increasingly relevant.     

Communication technology transfer : Impact on economic development

International technology transfer is defined and described from the economics perspective, with emphasis on costs. Its role in economic development is discussed, including its impact on social values and the question of ‘appropriate’ technology for developing countries. Examples are provided for communications technology, particularly in the areas of telecommunications and satellite communications.